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Oct 14, 2012
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i was there with ronald reagan. he gave specifics in terms of tax expenditures. 97% of the small businesses make less than $250,000. hedge funds that make $600 million a year. let's look at how sincere they are. governor romney on "60 minutes," 10 days ago, was asked, you pay 14% on $20 million. someone making $50,000 pays more than that. do think that is fair? he said, yes, that is fair. you think these guys are going to cut those loopholes? the biggest loophole they take advantage of is that carried interest loophole and capital gains loophole. there is not enough -- the reason why the american enterprise institute study, the reason they all say it is going to go up for the middle class, the only way you can find $5 trillion in loopholes is cut the mortgage deduction for middle-class people. cut the health care deduction for middle-class people. that is why -- >> he is wrong about that. >> not mathematically possible. >> it has been done before. >> it has never been done before. >> it has been done a couple of tim
i was there with ronald reagan. he gave specifics in terms of tax expenditures. 97% of the small businesses make less than $250,000. hedge funds that make $600 million a year. let's look at how sincere they are. governor romney on "60 minutes," 10 days ago, was asked, you pay 14% on $20 million. someone making $50,000 pays more than that. do think that is fair? he said, yes, that is fair. you think these guys are going to cut those loopholes? the biggest loophole they take advantage...
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Oct 7, 2012
10/12
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reagan has done and opposes what ronald reagan wants to do, the joint chiefs of staff and the secretary of defense and says let's go slow on further disarmament in trying to get the next treaty. i think that's a mistake. i think that you have to deal with the russians from strength and we have to understand that you have to have a strong modernized nuclear deterrent, but i think we can make substantial progress and we ought to take advantage. i think he's arrived at a very dangerous judgment in the question of war and peace and it concerns me very much. because i saw him also try to sabotage the inf treaty when it was on the floor of the united states senate with what he was doing there. he's listening once again to the winds of the radical right. >> senator. >> my light was still on, judy. >> john margolis, a question for senator quayle. >> senator quayle, i want to go back to the matter of qualifications, which i think for most people is more than just your >> john, we can't hear you. >> can you hear now? >> i can hear you. [laughter] >> i want to go back to the question of qualificat
reagan has done and opposes what ronald reagan wants to do, the joint chiefs of staff and the secretary of defense and says let's go slow on further disarmament in trying to get the next treaty. i think that's a mistake. i think that you have to deal with the russians from strength and we have to understand that you have to have a strong modernized nuclear deterrent, but i think we can make substantial progress and we ought to take advantage. i think he's arrived at a very dangerous judgment in...
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Oct 6, 2012
10/12
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when ronald reagan waived the big bills around in his state of the union in the late 1980's, the democrats could have pleaded that they did not have microsoft word said they did not have enough time. the continuing resolution last december was very fast. there is others. it seems like when it really, really matters, that's when we are least likely to get the time to read these that really need to defend ourselves as a society. while all these technical advances are a good, the real crucial thing to me is before we pass these huge laws especially in the middle of the night or whatever, what is the political failure here that we still can do this? i would also note that it is doable. if oral care act, there was 72 hours on the conference report. -- on the affordable care act, there was 72 hours on the conference report and nobody argued in a couple of months ago, people complained that they could not stick their amendments in there. this can be done even on a huge things like the affordable care act. i would ask hugh, what can the rules committee to or the members do to enforce an changed ex
when ronald reagan waived the big bills around in his state of the union in the late 1980's, the democrats could have pleaded that they did not have microsoft word said they did not have enough time. the continuing resolution last december was very fast. there is others. it seems like when it really, really matters, that's when we are least likely to get the time to read these that really need to defend ourselves as a society. while all these technical advances are a good, the real crucial...
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Oct 7, 2012
10/12
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what i do is the same way that tip o'neill and ronald reagan work together years ago. he laid out the principles that he was going to foster. he said he would lower tax rates. he said he was going to broaden the base. you said the same thing. those are my principles. i want to bring down the tax burden on middle income families. i will work together with congress to say what are the various ways we can bring down deductions. one way will be to have a single number. make up a number -- $50,000. anybody can have deductions up to that amount. that number disappears for high income people. one could follow bowles simspn as a model. there are other ways to accomplish the objective that i have it. simplify the code, broaden the base, and create incentives for growth. with regards to health care, you obviously studied up on my plan. in fact, i do have a plan that deals with people with pre- existing conditions. what we did in massachusetts is a model for the nation state by state. i have said that at that time. the federal government taking over health care for the entire nat
what i do is the same way that tip o'neill and ronald reagan work together years ago. he laid out the principles that he was going to foster. he said he would lower tax rates. he said he was going to broaden the base. you said the same thing. those are my principles. i want to bring down the tax burden on middle income families. i will work together with congress to say what are the various ways we can bring down deductions. one way will be to have a single number. make up a number -- $50,000....